Crypto Price Update: Bitcoin Hits $87K, Ethereum and XRP Rally

Bitcoin has made significant strides in the crypto market today, reclaiming a spot above the $87,000 mark. As of April 21, 2025, major altcoins like Ethereum, XRP, and Chainlink also posted notable gains, with each surging over 3%, reflecting growing investor confidence and bullish momentum across the digital asset sector.

After fluctuating for days, Bitcoin has finally staged a comeback, rising by 1.65% in the last 24 hours and currently valued at $87,063. This pricing resurgence places Bitcoin firmly ahead as market sentiment tilts toward positive territory. Its weekly performance also reflects stability with a 4.77% increase, signaling ongoing accumulation by long-term holders.

Meanwhile, Ethereum (ETH) experienced a jump of 2.72%, pushing its price to $4,074. Over the last seven days, Ethereum maintains a 1.37% climb, reinforcing its position as the second-largest cryptocurrency by market cap. The rally appears to be driven by sustained network activity and positive developments surrounding ETH’s staking mechanisms.

XRP also joined the bullish wave, inching up by 3.68% to trade at $0.5841. With a 1.28% rise on the weekly chart, XRP continues to benefit from optimistic investor sentiment as legal uncertainties become increasingly resolved and institutional adoption grows amid clearer regulations in key markets.

Chainlink (LINK), another top performer today, gained 3.04% in the past 24 hours, currently priced at $18.47. The token advanced 1.10% for the week, buoyed by increasing demand for decentralized oracle solutions and integration by DeFi platforms.

This bullish momentum isn’t limited to top-tier assets. Altcoins such as Solana (SOL), Cardano (ADA), and Avalanche (AVAX) also showed modest increases ranging from 1-2%. Traders and investors alike are interpreting these movements as signs of a maturing altcoin market prepared to leverage any broader bullish trends in Bitcoin and Ethereum.

The total crypto market capitalization has now touched $2.74 trillion, showing a 1.58% increase over the day. Trading volume in the last 24 hours surged by 36.72% to $65.53 billion, highlighting growing market activity and increased investor engagement. In contrast, Bitcoin’s dominance dipped slightly to 53.3%, hinting at money rotating into alternative digital assets.

In the stablecoin arena, Tether (USDT) and USD Coin (USDC) maintained their pegs near the $1 level, reflecting healthy liquidity and minimal volatility. This consistency continues to make them reliable tools for traders looking to hedge or exit positions without enduring major price swings.

The current upswing in crypto prices suggests renewed optimism in the market, potentially fueled by macroeconomic factors such as easing inflation, expectations around U.S. interest rates, and the increasing appeal of decentralized finance (DeFi). As traders anticipate next steps from central banks and monitor broader financial conditions, the upcoming weeks may determine whether this rally is sustainable.

Related: $2.3 Trillion Liquidity Shock: Franklin Templeton Says XRP Is Next in Line for Massive Inflows

For now, eyes remain on Bitcoin’s ability to hold above $87,000 and Ethereum maintaining traction above $4,000. If these trends continue, more capital could flow into the crypto ecosystem, elevating asset prices further and potentially catalyzing a new bullish phase for the entire market.